Dollar down on data, politics
March 1, 2006
The US dollar also declined again as investors continued to react to Tuesday’s dollar-negative economic data. The greenback lost 0.15 cents to $1.1933 in relation to the euro and dropped 0.25 cents to $1.7558 against sterling. Analysts said that among the things holding the US currency back were the efforts to stop the move by the United Arab Emirates to buy several US ports, as well as US attempts to call China a currency manipulator.